The long delay on the Sundance deal, now expected to be completed in December, has held up the project which is seen as key to economic growth in the Republic of Congo and Cameroon.
The company expects to receive mining permits and approvals for the Mbalam iron ore mine by December, in time for the Hanlong deal to close as planned.
"We don't expect to have any issue on having that by the December timeframe," Casello said (Cheif Executive)
DOWN, DOWN THE PRICES ARE DOWN....
So BUY, BUY before this flys
SDL Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
